Editor’s note: To learn Black Lives Matter is sitting on $83 billion is simply stunning. I saw this headline by another independent news site and thought they really meant $83 million when in fact it’s BILLION. This is insane. No nonprofit on the face of the planet needs to raise much less manage billions in donations. What is really going on here?
by Claremont Institute for the Academy Way of Life
The Black Lives Matter (BLM) riots of 2020 were the largest and most successful shakedown in American history. These “mostly peaceful protests” — which burned more than 200 American cities and wreaked more than $2 billion in damages — achieved more than anyone could have predicted: changes in laws, private sector policies, and perhaps most importantly, a historic transfer of wealth to racial and leftwing causes. As a result, American corporations gave or pledged more than $83 billion to either BLM or BLM-related causes.
We created a database tracking contributions and pledges made to the BLM movement and related causes, which we define as organizations and initiatives that advance one or more aspects of BLM’s agenda, and which were made in the wake of the BLM riots of 2020. To date, our data spans more than 400 companies and $83 billion in pledges and contributions.
The famed consulting firm McKinsey and Company thinks the number is far larger. They calculated that from May 2020 to October 2022 companies pledged about $340 billion “to racial equity, specifically for Black Americans after the murder of George Floyd in May 2020.” Our number is conservative by comparison. But unlike McKinsey, we provide details about the pledges and contributions of specific companies.
We are surprised at some of the incredulity in our calculations. So too is BLM, which suggests that objections to wealth transfers of this scale are rooted in “white supremacy,” and “a pathology that Black organizations don’t deserve to be funded.”
BLM called for reparations. In a sense, they succeeded, as these reparations were paid out to BLM itself (approximately $122 million) and to its vast NGO archipelago and other racialized causes and schemes under various names.
While the money was given or pledged in different ways…Continue Reading